ZURICH (Reuters) – The world’s richest folks grew to become rather less properly off final 12 months, based on a report by UBS (UBSG.S) and PwC, as geopolitical turmoil and risky fairness markets diminished the wealth of billionaires for the primary time since 2015.

FILE PHOTO: The emblem of Swiss financial institution UBS is seen at an workplace constructing in Zurich, Switzerland January 27, 2017. REUTERS/Arnd Wiegmann

Billionaires’ wealth fell by $388 billion globally to $8.539 trillion, the united statesPwC Billionaires Report discovered, with a very sharp decline in Larger China – the second-biggest house for billionaires after the USA – and the Asia-Pacific area…

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